Napa’s Shafer Vineyards Sold

South Korea–based Shingsegae Property acquires the iconic Cabernet winery

Napa’s Shafer Vineyards Sold
Doug Shafer (left) and Elias Fernandez, who will both be staying on with the winery, work the harvest. (Tim Kennedy)
From the May 31, 2022, issue

One of Napa’s iconic wineries has changed hands, part of a generational shift in the premier U.S. wine region. Doug Shafer, president of Shafer Vineyards, announced Feb. 16 that Shinsegae Property, a major luxury-brand firm based in Seoul, South Korea, with department stores, shopping centers, golf resorts, hotels and other interests, has acquired the winery. Details were not disclosed, but the price tag is reportedly $250 million, which includes 225 acres of prime Napa vines. Find out more about the major winery sale.

Member-Only Content

Premium Subscription

Join today and get immediate access to this article, and to our entire database of more than 400,000 wine ratings. It only takes moments—but it will help you drink better all year long.

Start Free 30-day Trial

Already a member? Sign In

Try Winespectator.com Free for 30 Days!

Full access to our database of more than 400,000 wine ratings

Early access to reviews on our editors' favorite just-rated wines

Wine and food pairing tool,
chefs' pairing recommendations

Best value wines and winery intel

Subscribe today

You Might Also Like

$1.7 Million in Rare Wine Missing Following Bottle Heist in Spain

$1.7 Million in Rare Wine Missing Following Bottle Heist in Spain

Convicted couple sentenced to jail time, but the stolen bottles remain missing 

Jun 30, 2023
Italy Pours Its Best at OperaWine

Italy Pours Its Best at OperaWine

One of the world's biggest wine fairs hosted an elite tasting featuring 130 wineries

Jun 30, 2023
Wine Spectator Partners with Palm Beach Food & Wine Festival

Wine Spectator Partners with Palm Beach Food & Wine Festival

Plus, a cyclone devastates New Zealand winemakers and Champagne Henriot has a new owner

Jun 30, 2023
Ornellaia Winemaker Back to Bordeaux

Ornellaia Winemaker Back to Bordeaux

Gaylon Lawrence and Carlton McCoy hire Axel Heinz as CEO of Château Lascombes

Jun 30, 2023
When a Wine-Friendly Bank Collapses

When a Wine-Friendly Bank Collapses

The financial headache with Silicon Valley Bank isn't over, and something more has been lost

Jun 30, 2023
Study Revisits Origin of Grapegrowing

Study Revisits Origin of Grapegrowing

Scientists pinpoint when humans first domesticated wine grapes—it's earlier than expected

Jun 30, 2023